Which of the Following Statements Related to Ethical Behavior Is

question 97

Multiple Choice

Which of the following statements related to ethical behavior is not a correct statement?

• A)The spirit of the law is more important than the letter of the law.
• B)Moral values and codes are more important than rules and policies.
• C)A person is considered to uphold ethical business practices as long as he or she complies with the law.
• D)All of these ans choices are not correct statements.

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Definitions:

Factory Utilities

Costs associated with utilities in a manufacturing plant, such as electricity and water, considered part of manufacturing overhead.

Direct Materials

Raw materials that are directly traceable to the process of creating a finished product.

Cost of Goods Sold

The total cost of manufacturing or acquiring a product that is sold to customers, including materials and labor but not distribution or sales costs.

Selling Expenses

Costs incurred directly related to the selling of a product or service, including advertising, sales salaries, and commission.